The firm reiterated its dividend and capital targets. Christian Streckert, a spokesman, declined to give further details on what prompted the decision.

'Deutsche Bank has had to be very careful about litigation given that they’re really in the firing line from investors and regulators on this', Christian Hamann, an analyst at Hamburger Sparkasse who is advising clients to sell the share, said by telephone from Hamburg, Germany. 'They were probably too optimistic when they presented the preliminary numbers, but one can see from the share price that the market isn’t concerned as the targets were confirmed'.